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Note

Term · Law · MLC-T-LAW-003474

A written promise to pay a specified sum of money to a named person or to the bearer on demand or at a definite time. This instrument, often referred to as a promissory note, outlines the terms of repayment, including the principal amount, interest rate, and payment schedule. It serves as legal evidence of a debt obligation.

Table 1. Record
IdentifierMLC-T-LAW-003474
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003474",
  "term": "Note",
  "field": "Law",
  "definition": "A written promise to pay a specified sum of money to a named person or to the bearer on demand or at a definite time. This instrument, often referred to as a promissory note, outlines the terms of repayment, including the principal amount, interest rate, and payment schedule. It serves as legal evidence of a debt obligation.",
  "url": "https://mlchart.com/terminology/law/note/"
}

Record 3,462 of 5,445 in Law terminology (MLC-0107). Request the full dataset.